Donald Trump Sued by New York Over Misleading Asset Valuations

Donald Trump was sued for allegedly using fraudulent asset valuations at his real estate company, the culmination of a years-long probe by the New York attorney general into dealings by the former president and his family.

Attorney General Letitia James filed suit Wednesday in New York state court. In addition to Trump, the suit names the Trump Organization and three of the former president’s adult children -- Donald Trump Jr., Ivanka Trump and Eric Trump -- who are senior executives at the company.

The lawsuit is the latest legal threat to Trump as he weighs another run for the ...